So maybe the pound has moved into the next impulsive wave. On the intraday chart the bullish flag consolidation has been broken to the upside.
Potential target for this wave 5 is just under 1.3400.
There would appear to be more room to the downside for the pound over the medium term ( ie. 120.00).
Potential target for this wave 5 is just under 1.3400.
There would appear to be more room to the downside for the pound over the medium term ( ie. 120.00).